CAI International Inc (NYSE:CAI) Director Gary Sawka sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $23.23, for a total value of $232,300.00. Following the completion of the transaction, the director now owns 16,757 shares in the company, valued at $389,265.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CAI stock opened at $24.44 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 3.09. CAI International Inc has a 1 year low of $19.58 and a 1 year high of $27.43. The stock has a market capitalization of $446.47 million, a PE ratio of 6.71 and a beta of 1.74.

CAI International (NYSE:CAI) last posted its earnings results on Wednesday, February 20th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.17). CAI International had a net margin of 17.78% and a return on equity of 12.65%. The company had revenue of $115.60 million during the quarter, compared to analyst estimates of $121.21 million. During the same quarter last year, the business posted $1.03 EPS. CAI International’s quarterly revenue was up 23.0% compared to the same quarter last year. Equities analysts predict that CAI International Inc will post 4 earnings per share for the current year.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded CAI International from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Keefe, Bruyette & Woods downgraded CAI International from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $34.00 to $29.00 in a report on Thursday, February 21st. Finally, ValuEngine upgraded CAI International from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.40.

Several hedge funds have recently bought and sold shares of CAI. Brandywine Global Investment Management LLC acquired a new stake in CAI International during the 4th quarter valued at approximately $241,000. JPMorgan Chase & Co. grew its position in shares of CAI International by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,155 shares of the transportation company’s stock worth $1,215,000 after acquiring an additional 12,834 shares in the last quarter. LSV Asset Management grew its position in shares of CAI International by 7.3% in the 4th quarter. LSV Asset Management now owns 140,422 shares of the transportation company’s stock worth $3,262,000 after acquiring an additional 9,500 shares in the last quarter. MetLife Investment Advisors LLC grew its position in shares of CAI International by 53.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 12,444 shares of the transportation company’s stock worth $285,000 after acquiring an additional 4,337 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of CAI International in the 3rd quarter worth approximately $3,604,000. Institutional investors and hedge funds own 86.70% of the company’s stock.

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About CAI International

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

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